Page 14 - Maruti Suzuki

Prolonged waiting period due to chip crunch can harm demand: Maruti Suzuki

Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November. "The bookings show that the demand continues to be quite robust, both in terms of inquiries and the bookings, but now availability is an issue and waiting periods have gone up," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava. He further said, "So we are a little bit afraid that the longer waiting periods will affect the demand pattern and it can have a negative impact." Depending on models and variants the waiting period can range from weeks to months in the domestic passenger ..

Maruti Suzuki total sales decline 9% YoY in Nov due to chip crisis

The car major is expecting an adverse impact on vehicle production in Haryana and Gujarat plants in Dec 2021 owing to electronic components supply constraint

Maruti Suzuki expects December production to be affected due to chip crisis

The total vehicle production at both plants in Gujarat and Haryana could be 80-85 per cent of normal

Supply chain constraints to dent Maruti Suzuki production levels in Dec

The country's largest carmaker Maruti Suzuki India on Tuesday said its production in December could only be up to 85 per cent of the normal, owing to supply constraint of electronic components

Maruti Suzuki hikes prices of Eeco van by Rs 8,000 for adding airbags

The increase in price is effective from November 30, 2021

Maruti Suzuki Toyotsu India opens first vehicle scrapping unit in Noida

The 10,993 sq m facility has a capacity to scrap and recycle over 24,000 ELVs annually

NCLAT stays Competition Commission's Rs 200 cr penalty on Maruti Suzuki

The amount has to be deposited with the Registrar of the National Company Law Appellate Tribunal (NCLAT)

Avoiding diesel, Maruti to focus on making petrol cars more fuel-efficient

Maruti Suzuki ruled out getting back into diesel segment as it believes sale of such vehicles would further come down with the onset of the next phase of emission norms in 2023

Kerala-based Popular Vehicles and Services plans entry in west, north

The company said it will focus more on the services segment of the business rather than sales, going ahead

Maruti Suzuki India surges 11% in 2 days, nears 52-week high

The stock was quoting higher for the fourth straight day and trading close to its 52-week high of Rs 8,400 touched on January 13, 2021

Market wrap: RIL, banks drag Sensex 396 points down, Nifty ends at 17,999

Auto stocks outperform on reports that chip shortage may be easing; Cement stocks decline on reports of price cut in Delhi-NCR

Sensex, Nifty end on a flat note; ITC gains 2%, Tata Steel slips 3%

Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price

Tata Motors 'punches' its way to pole position in SUV market in October

Riding on new SUV Punch, it zips past M&M, Hyundai and Kia

Celerio to give 26 kmpl mileage, best ever in the industry: Maruti

Revamped model has fuel efficiency of 26.68 km/litre, making it most fuel-efficient petrol car on road

Maruti Suzuki reports 26% drop in production in October

MSI said total passenger vehicle production stood at 1,30,763 units last month, against 1,76,942 units in October 2020

Maruti Suzuki India to bolster SUV segment, begins work on new models

The company currently sells Vitara Brezza and S-Cross in the SUV segment

Maruti Suzuki drives in all-new version of Celerio at Rs 4.99 lakh

Maruti Suzuki India (MSI) on Wednesday launched the all-new version of its premium hatchback Celerio in the country, priced between Rs 4.99 lakh and Rs 6.94 lakh (ex-showroom Delhi)

Maruti Suzuki to finalise plans for new Haryana unit by 2021-end

Maruti Suzuki India Ltd will go ahead and finalise plans to set up new manufacturing facility in Haryana

Maruti Suzuki Smart Finance disburses over Rs 6,500 cr automobile loans

The country's largest carmaker, Maruti Suzuki India Ltd on Monday said its online car financing platform Maruti Suzuki Smart Finance, has disbursed a total of over Rs 6,500 crore automobile loans to over 1 lakh customers within nine months of launch. Through the platform, the company introduced a multi financier, end-to-end, online car financing solution, with a real-time loan tracking facility for its customers with features such as credit score-based interest rates, pre-approved, and custom generated loan offers from multiple financiers, online documents sharing with real-time loan status tracking. "Crossing over 1 lakh loan disbursals, amounting to more than Rs 6,500 crore, in such a short period is a significant achievement and heralds a fundamental shift towards a digital-first customer experience," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Maruti Suzuki Smart Finance is yet another step by Maruti ...

Maruti Suzuki keeps close watch on price movement of commodities

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure for any OEM (original equipment manufacturer). Normally, 70-75 per cent of the total cost of an OEM is material cost. "In the second quarter, our material cost to net sales ratio had gone up to a very high figure of 80.5 per cent. This is unprecedented," Maruti Suzuki India Senior Executive Director (Marketing and Sales) Shashank Srivastava told PTI. When asked if the company will hike prices of its vehicles, especially around the new year as is usually done, he said, "We have to carefully ...